PayPal changing T&C for the better! - HotUKDeals
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PayPal changing T&C for the better!

AV1985 Avatar
8y, 5m agoPosted 8 years, 5 months ago
To be honest, I have no idea where this goes so would hope a mod moves it for me.

I got this email, and it seems like a great idea, potential of receiving money for no fees, and for buyer to cover fees, great for us on HUKD!


We would like to let you know of an important announcement affecting all PayPal account holders in the UK.
Effective from 9 July 2008, PayPal will change its fee structure to make it more attractive for our UK customers to send personal payments. We are pleased to announce that:
PayPal will not charge a recipient (regardless of their account type) of a PayPal payment if that payment was funded by the sender's bank account or PayPal balance and it is designated a Personal Payment


PayPal will apply a fee for payments received for Personal Payments or Commercial Payments if such a payment is funded by a credit or debit card, however for Personal Payments funded by a card, the sender will have the option of paying the fees for that payment


Also, PayPal will no longer require its customers to upgrade from a Personal Account to a Premier or Business Account once it has received a total of £250

Consequently the following amendments to the PayPal User Agreement will be applicable for UK customers:
Clause 8 will be amended (where relevant) to provide that:
Receiving Personal Payments which are also Balance/Bank Funded Payments will be free


Receiving Personal Payments and/or Commercial Payments which are also Card Funded Payments will be charged at these standard rates:

3.4% + Fixed FeeFor each domestic payment transaction.
3.9% + Fixed FeeFor each cross border payment transaction

Merchant Rates

(based on monthly transaction volume & one-off application)
1.4% - 2.9% + Fixed FeeFor each domestic payment transaction
1.9% - 3.9% + Fixed FeeFor each cross border payment transaction

The monthly volume tiers applicable to these Merchant rates are further described in the Fees section accessible from every page of the PayPal Website.
The Fixed Fee will be (depending on the payment currency):
£0.20GBP ¥40.0JPY 1.35PLN
0.35EUR $0.40AUD 90.0 HUF
$0.30USD 0.55CHF 10.00CZK
$0.30CAD 2.80NOK $0.50SGD
$4.00MXN 3.25SEK $2.35HKD
1.20ILS 2.60DKK $0.45NZD

UK registered Users who receive payments in Euros from other European User countries will receive a 0.5% reduction in the variable amount of the applicable cross border fee.

The sender of a Personal Payment which is also a Card Funded Payment may choose to pay the Fee applicable to that payment.
Clause 15 will include the following new definitions:

"Commercial Payment" means a payment which is not a Personal Payment (including, without limitation a payment associated with an eBay item and/or other goods or services).

"Personal Payment" means a payment made for the purpose of either your personal, family and/or household affairs.

Clauses 4.1, 4.2, 4.4(c), 4.9 will no longer apply to UK customers.


No action is required on your part and you will be able to continue using PayPal with no changes.

Yours sincerely,

PayPal
Other Links From Paypal:
AV1985 Avatar
8y, 5m agoPosted 8 years, 5 months ago
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Comments/page:
#1
Isn't the part where they are introducing an extra fee for payments made via credit card very very bad for users though?
#2
Painterz1
Isn't the part where they are introducing an extra fee for payments made via credit card very very bad for users though?


Stop using CCs and start using bank funds then. That's the answer. Milk them rather than funding them.
I'll be using PP more for personal, immediate, payments now.
#3
so what does that all mean in english!
#4
I don't see it saying that anywhere Painterz, must have missed it, just read again.

Well as far as I'm concerned it's good, means when someone on HUKD wants to pay via PayPal I can say yes that's fine, just do it via a bank account and we all save some money rather than paying fees. Previously I asked buyers to pay the fees or pay via BT, now I don't have to.

Clearly won't work for people you don't know, like on eBay, but a gift for us HUKDers I feel.
#5
Actually it's very very bad for more users in my opinion.

PayPal are actively encouraging direct bank payments - against which you have no protection (other that PayPal's own complaint's process) - with a credit card you have consumer credit protection - so I will be avoiding paying by PayPal if I possibly can.

For sellers it's probably better, but in the end if you lose customers 'cos they don't want to pay extra for using their card, is it really a good thing?
#6
Posted before. There was another thread on this subject deleted a few minutes ago.

Edit: actually it was just changed so that it is not a deal.
#7
has no one here heard of paypal - mass pay lol
#8
Scribbles
Stop using CCs and start using bank funds then. That's the answer. Milk them rather than funding them.
I'll be using PP more for personal, immediate, payments now.


Under no circumtances link your Bank Account to your Paypal Account as you do with a CC.

Just ask the Forums Members that got caught out with the MustHave100.co.uk Scam a while back !!!!!

If you use Paypal at all outside Ebay you will no come back if you get scammed !!

Remember PAYPAL IS NOT A BANK so your are not covered at outside Ebay ! :x
#9
Mecoconuts
Under no circumtances link your Bank Account to your Paypal Account as you do with a CC.

Just ask the Forums Members that got caught out with the MustHave100.co.uk Scam a while back !!!!!

If you use Paypal at all outside Ebay you will no come back if you get scammed !!

Remember PAYPAL IS NOT A BANK so your are not covered at outside Ebay ! :x



What happened there? What was the scam?
#10
i think paypals quite good for ebay as i have used it a couple of time to get my money back when i haven't received my item
#11
Not a deal, so moved to misc. :)
#12
they call it PAY-PAL:whistling:, but it aint much of a Pal now is it!:thinking:, taking bits of your hard earned cash:x

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